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  • Question
  • In which of the following case, law of demand fails?


  • Options
  • A. Giffen goods
  • B. Normal goods
  • C. Inferior goods
  • D. Both Giffen and Inferior goods

  • Correct Answer
  • Giffen goods 


  • Indian Economy problems


    Search Results


    • 1. Which of the following e-commerce majors has signed an agreement with NIESBUD for encouraging SMEs to grow profitably online?

    • Options
    • A. Amazon
    • B. Flipkart
    • C. Snapdeal
    • D. eBay
    • Discuss
    • 2. Which of the following gulf countries has announced to form new economic and partnership group named 'Joint Cooperation Committee' inDecember 2017?

    • Options
    • A. UAE and Saudi Arabia
    • B. Qatar and UAE
    • C. Bahrain and Kuwait
    • D. Oman and Saudi Arabia
    • Discuss
    • 3. Find the similarity among the following: Makar Sankranthi, Pongal, Lohri, Baisakhi

    • Options
    • A. All are festivals of North India
    • B. All are names of harvest festivals
    • C. All are festivals celebrated in the month of January
    • D. There is no similarity at all
    • Discuss
    • 4. The term 'Zero Based Budgeting' refers to __________.

    • Options
    • A. A specified sum of money authorized by the Legislaturefor a specific period of time
    • B. To ensure that every rupee spent is result oriented
    • C. A statutorily mandated form of reimbursement or up-front payment for state expenditures
    • D. A cost item for which payment is made by one stateagency to another
    • Discuss
    • 5. Which among the following is the difference in valuebetween a countrys imports and exports?

    • Options
    • A. Balance of Trade
    • B. Balance of Payment
    • C. Balance of power
    • D. Credit Balance
    • Discuss
    • 6. Money market is a market for _______________

    • Options
    • A. Short term fund
    • B. Long term fund
    • C. Negotiable instruments
    • D. Sale of shares
    • Discuss
    • 7. Pump priming should be resorted to at a time of?

    • Options
    • A. Inflation
    • B. Deflation
    • C. Stagflation
    • D. Reflation
    • Discuss
    • 8. Fixed Foreign Exchange Rate can be changed by

    • Options
    • A. RBI
    • B. SEBI
    • C. Ministry of Finance
    • D. FIPB
    • Discuss
    • 9. National Income refers to ___________

    • Options
    • A. money value of goods and services produced in a country during a year
    • B. money value of stocks and shares of a country during a year
    • C. money value of capital goods produced by a country during a year
    • D. money value of consumer goods and services produced in a country during a year
    • Discuss
    • 10. On 24 October 2017, the Government of India announced a massive of ______ package to boost economy

    • Options
    • A. Rs 7 lakh crore
    • B. Rs 9 lakh crore
    • C. Rs 15 lakh crore
    • D. Rs 5 lakh crore
    • Discuss


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